Madrid, Spain - A new report from Spain's Ministry of Inclusion, Social Security and Migration has revealed that discrimination against foreigners in the country is costing the Spanish economy a staggering €17 billion annually, equivalent to 1.3% of the country's GDP.

The study found that foreign workers in Spain face significant discrimination in the labor market, leading to substantial economic losses. Key findings include:

Higher Unemployment Rates: Foreigners in Spain have an unemployment rate of 18.2%, significantly higher than the national average of 11.6%. This disparity results in annual economic losses of €5.1 billion.
Wage Gap: Foreign workers earn an average of €500 less per month than their Spanish counterparts.
Education Mismatch: Highly educated foreigners are often underemployed, working in low-skilled jobs that do not match their qualifications. This leads to a loss of income of €4.8 billion annually.
Discrimination Against Women: Foreign women face even greater discrimination than foreign men, with limited employment opportunities.
Furthermore, the report highlighted that foreign students in Spain underperform compared to their Spanish peers and have higher dropout rates. This could have long-term negative consequences for the Spanish economy.

The findings underscore the severity of discrimination against foreigners in Spain and emphasize the need for urgent action by the government and society. Measures to address this issue include expanding employment opportunities for foreign workers, reducing the wage gap, and providing equal educational opportunities.

The report concludes that discrimination against foreigners is not only a moral issue but also a significant economic burden on the country. It is imperative that Spain takes steps to create a more inclusive society and eliminate discriminatory practices.